Lundin Gold (TSX:LUG) Debt-to-Asset : 0.19 (As of Dec. 2023)

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What is Lundin Gold Debt-to-Asset?

Lundin Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$80 Mil. Lundin Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$291 Mil. Lundin Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$1,970 Mil. Lundin Gold's debt to asset for the quarter that ended in Dec. 2023 was 0.19.

Lundin Gold Debt-to-Asset Historical Data

The historical data trend for Lundin Gold's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lundin Gold Debt-to-Asset Chart

Lundin Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.61

0.55

0.42

0.38

0.19

Lundin Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.38	0.29	0.26	0.22	0.19

Competitive Comparison of Lundin Gold's Debt-to-Asset

For the Gold subindustry, Lundin Gold's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lundin Gold's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lundin Gold's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Lundin Gold's Debt-to-Asset falls into.

Lundin Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lundin Gold's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(79.916	+	290.611)	/	1969.749
	=	0.19

Lundin Gold's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(79.916	+	290.611)	/	1969.749
	=	0.19

Lundin Gold (TSX:LUG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lundin Gold Debt-to-Asset Related Terms

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Lundin Gold (TSX:LUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Gold Inc (TSX:LUG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

LUGDF:USA LUG:Sweden F1YN:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada-based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

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